Its worries came as strategic rival China has already piloted its e-yuan across the country, with more than 261 million people having downloaded the wallet app for the digital yuan. And leaders ...

Chinese e-commerce platforms are offering discounts of up to 2,530 yuan ($351) on Apple's latest iPhone 16 models, an effort ...

The digital Yuan is China's electronic currency. Also known as e-CNY or e-RMB or e-yuan, this currency stands in direct competition with cryptocurrencies, corporate payment systems, and mobile ...

China began laying the groundwork for its digital yuan in 2014 and has launched trials of its central bank digital currency (CBDC), known as the e-CNY or e-yuan, in select cities since 2019 ...

China's digital yuan, also known as e-CNY, is failing to catch on during a trial in which state employees receive their salary in the central bank digital currency (CBDC), according to a report by ...

China’s digital currency project reportedly still has teething problems, with a report suggesting some state Chinese workers who are paid in “e-CNY” or digital yuan seldom use it and have ...

For the first time, the PBOC included e-CNY in its currency circulation reports on January 10, revealing that by the end of 2022, the CBDC would account for about 0.13% of the 10.47 trillion yuan ...

In this context, the former has an edge over the latter. One of the many challenges faced by Chinas e-yuan is lack of education on the use of digital currency. People in China do not feel any reason ...

The Chinese yuan is likely to weaken somewhat further on the back of President Trump’s tariffs, Commerzbank economist Tommy Wu says in a note. The U.S. and China might try to de-escalate trade ...

ADJUSTED NET PROFIT: Excluding share-based compensation expenses, investment gains and losses, some impairments and other items, adjusted net profit is expected at 30.53 billion yuan, according to ...